Lucintel Forecasts Trenchless Pipe Relining Market To Reach $4 Billion By 2030

By Author: Lucintel LLC
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According to the recent study the trenchless pipe relining market is projected to reach an estimated $4 billion by 2030 from $3 billion in 2023, at a CAGR of 5.5% from 2023-2030. Growth in this market is primarily driven by the growing number of aging existing pipeline network coupled with a surge in spending of government and municipal corporations towards repair and maintenance of existing pipes.
Browse 98 figures/charts and 78 tables in this 183-page report to understand trends, opportunities and forecast in trenchless pipe relining market by method type (CIPP, slip-lining, SIPP, and others), application (water main pipes, wastewater pipes, and others), diameter (36 inch), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that CIPP pipe relining will remain the largest segment, and it is also expected to witness the highest growth over the forecast period due to its fast and easy installation process, longer life cycle, and better performance over competing technologies. The CIPP lining installation rate is five times faster than the trenched replacement.
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Within the global trenchless pipe relining market, water main and wastewater pipes are the major application segments. Wastewater pipes will remain the largest application segment over the forecast due to aging infrastructure of developed economies is likely to fuel the demand for the wastewater segment in trenchless pipe relining activities. Water main pipes segment is expected to experience the fastest growth over the forecast period due to government norms related to the material used for the lining of water main pipelines in order to prevent contamination of injurious substances of liners with the potable drinking water.
APAC will remain the fastest growing region over the forecast period due to high rate of development in countries, such as Japan and South Korea and increasing adoption of new technologies in developing economies.
Inland Pipe Rehabilitation, LLC. (IPR), Granite Construction Inc., Aegion Corporation, NuFlow Technologies, Waterline Renewal Technologies, Per Aarsleff, and SAK Construction, LLC are the major suppliers in the trenchless pipe relining market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at helpdesk@lucintel.com
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1 972.636.5056
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